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Jun 22, 2013
06/13
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that will affect the economy. it is a big cost to the consumer. >> ben, it seems tough that we are asked to pay so much higher in electricity costs in a time when the country is trying to struggle out of the abyss that it is in. >> there is no cost to high to save the earth. the really problem is do we know it is hurting the earth. the scientist are not 100 percent unanimous. despite what they tell us. the signs are not clear on this. just don't think we should go all out on this. >> adam, getting rid of 43,000 megawataugas of power and replace it with what? >> just having come back from china where the air is disgusting, i am glad to live where the air is cleaner, we have not had a increase in electricity demand for five years. it is more about the economy. >> but prices are up and you mentioned we haven't had demand. imagine what happens, adam, what happens when we take 280 coal fire plants off line. what happens to our bills? >> our bills will go up if we don't put anything else on line. >> that is the natural
that will affect the economy. it is a big cost to the consumer. >> ben, it seems tough that we are asked to pay so much higher in electricity costs in a time when the country is trying to struggle out of the abyss that it is in. >> there is no cost to high to save the earth. the really problem is do we know it is hurting the earth. the scientist are not 100 percent unanimous. despite what they tell us. the signs are not clear on this. just don't think we should go all out on this....
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Jun 22, 2013
06/13
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if we see interest rates go up, what does that do to the market and it to the economy? >> that's your real danger. a few weeks al ago, 1.6% on a government bond and now 2.5%. who cares. you try to get a mortgage six to eight weeks ago, you could you have gotten it at 3%. now it's pushing 4%. that's a big difference in how you value a home. so this is the market behaving. this isn't the federal reserve. that's bigger than the federal reserve. if it continues and we go to another percent up rapidly, you're going to see housing prices start to go down again and the recovery ending 37 so we don't want to go too far. but i do think a little was good because it was taking the heat off the stock markets. and we don't want artificially low rates, but they deserve rates at about today's level. >> john mayfield, does that worry you, the housing market is one of the few positives in the economy right now. >> yeah, but i don't think rates will go up significantly for a matter of time. you understand to dave's point that 8% was the benchmark brought up by the administration. give us
if we see interest rates go up, what does that do to the market and it to the economy? >> that's your real danger. a few weeks al ago, 1.6% on a government bond and now 2.5%. who cares. you try to get a mortgage six to eight weeks ago, you could you have gotten it at 3%. now it's pushing 4%. that's a big difference in how you value a home. so this is the market behaving. this isn't the federal reserve. that's bigger than the federal reserve. if it continues and we go to another percent up...
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Jun 22, 2013
06/13
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it's one of the world's largest economies coming in as number six. it was ninth in gross domestic product, it's expected to grow a 4.2%. inflation is up at 6.7% for the past year. rising rate fueling concerns there may be a another round of interest rate hikes. poverty rate stands at 21.4% with more than 41 million people considered poor. we will continue to follow the unrest in brazil. coming up later this hour, rick grenell the spokesperson for the last four ambassadors to the u.n. he will join us live. >> gregg: immigration reform is debates the turn in spotlight. next week on capitol hill, but can u.s. scenarios behind the bill actually gin up enough support for its passage. elizabeth plann has the story live from d.c. bureau. >> the immigration reform bill starting to take shape in the senate while republicans in the house continue to form what they think is a solution. just as the president says it's a pathway to provide citizenship for folks that wanted to come here and stay here legally while bringing relief to a struggling economy. >> this b
it's one of the world's largest economies coming in as number six. it was ninth in gross domestic product, it's expected to grow a 4.2%. inflation is up at 6.7% for the past year. rising rate fueling concerns there may be a another round of interest rate hikes. poverty rate stands at 21.4% with more than 41 million people considered poor. we will continue to follow the unrest in brazil. coming up later this hour, rick grenell the spokesperson for the last four ambassadors to the u.n. he will...
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Jun 22, 2013
06/13
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this is more about the economy. >> charles: but prices are up. listen we haven't had demand. imagine what happens when we take 280 coal fire plants off line. what is going to happen to our bills? >> our bills will go up, if we don't put anything else on line. we can put other things on line. >> expiration of natural gas will drop prices down. so that is why lowest levels in 20 years. >> you want to know why the market went down 500 points, it's stuff like this. obama economy minus the monetary crack, it's higher taxes and everything else. >> charles: every time ben bernanke speaks, he doesn't talk about coal fire plants, but dagen, there is no doubt. there has to be a better way the draconian way is going through doesn't make sense? >> natural gas promotes exploration and development of it and that will drive down co2 emissions. >> charles: up next, big ben may be saying goodbye to all that big money. ben has stocks set to roar. take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it
this is more about the economy. >> charles: but prices are up. listen we haven't had demand. imagine what happens when we take 280 coal fire plants off line. what is going to happen to our bills? >> our bills will go up, if we don't put anything else on line. we can put other things on line. >> expiration of natural gas will drop prices down. so that is why lowest levels in 20 years. >> you want to know why the market went down 500 points, it's stuff like this. obama...
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Jun 22, 2013
06/13
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we have lot was federal entities telling us that stimulus and it makes the economy groechlt they say we are safer here. i continuing is an embarrassment and sends a message around the worl that the champion of liberty is move nothing the wrong direction and a bad step for the united states. >> steve, isn't there a danger of sitting back and letting the government decide? >> one of the legitimate functions of government is protecting us from external enemies and the constitution was written by framers who understood that governments that protect you can abuse you. take it out on the government. rich hit on something. if the company has in writing a certain order or request, and the statute is cited, the company is obligged to do it. if you don't like the law change the law. >> we want to stop the bad guys. companies can stop the government saying we are getting a ton of lawsuits on our doorsteps and in india, they are allowing tax officials with access to google and facebook data. >> the irs is different. >> india is pressuring to have government officials on-site at research in motio
we have lot was federal entities telling us that stimulus and it makes the economy groechlt they say we are safer here. i continuing is an embarrassment and sends a message around the worl that the champion of liberty is move nothing the wrong direction and a bad step for the united states. >> steve, isn't there a danger of sitting back and letting the government decide? >> one of the legitimate functions of government is protecting us from external enemies and the constitution was...
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Jun 22, 2013
06/13
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it is more a diversified economy than north dakota's. is this red state/blue state model argument that pair write is making, is that something that you think is going to have real legs? >> oh, yeah. i think it has legs because what he is talking about is real. they talked to business owners. large corporate ceos and business owners. if they go to texas i looked into this some. what they will find is not this environment that you described but public officials, whether it is the governor, the attorney general, comptroller's office, if you have a problem it will say let's work it out and try to help you succeed rather as in new york, attorney general's, job who seems to be hire and sue -- hammer and sue businesses. it is a completely different environment. it is not saying that they don't have regulation in texas. we have to comply but not an adversarial relationship as it is in the blue states. >> jerry brown, governor of california, seemed to resent this. took the perry -- they had a paid public kind of flap about it. new york governor c
it is more a diversified economy than north dakota's. is this red state/blue state model argument that pair write is making, is that something that you think is going to have real legs? >> oh, yeah. i think it has legs because what he is talking about is real. they talked to business owners. large corporate ceos and business owners. if they go to texas i looked into this some. what they will find is not this environment that you described but public officials, whether it is the governor,...
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Jun 22, 2013
06/13
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this is detroit's economy. this is not just for minoritties in the pockets of the neighborhoods. this is detroit, a major american city. reverend, we have seen it fall off a fiscal cliff. remember that language this year. unemployment 9.9. and national average 7.6. still stuck but not as bad as detroit. debt there is 17 plus billion. and population dropped off 250,000 between 2,000 and 2010. that is a loss of rev vow. >> hundred thousand homes are lost and banks engaging in subprime lending scheme and they closed the industrial base and took those plants to cheap labor markets and that took the guts out of detroit. that is a big deal. now you have a no chain stores and no grocery stores and it is abandonment. and these are americans and we need a plan for restaulization to offset the impact. long- term low interest loans and we cannot abandon these citizens. we can bail out iraq, we could bail out american cities and we must. >> a food chain desert. i had not put it that way. >> there is not one food chain there. and there's not one drug store chain there. only one car dealership
this is detroit's economy. this is not just for minoritties in the pockets of the neighborhoods. this is detroit, a major american city. reverend, we have seen it fall off a fiscal cliff. remember that language this year. unemployment 9.9. and national average 7.6. still stuck but not as bad as detroit. debt there is 17 plus billion. and population dropped off 250,000 between 2,000 and 2010. that is a loss of rev vow. >> hundred thousand homes are lost and banks engaging in subprime...
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Jun 22, 2013
06/13
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the reason why and what it means for the economy at-large. that's up next. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. folks have suffered from frequent heartburn but now, thanks to treating with prilosec otc, we don't have to suffer like they used to. [ bell dings ] ♪ [ horse whinnies ] getting heartburn and then treating day after day is a thing of the past. block the acid with prilosec otc, and don't get heartburn in the first place. we've surcome a long way. ♪ [ le announcer ] one pill each morning. 24 hours. zero heartburn. try align. it's the number one ge recommended probiotic that helps maintain digestive balance. ♪ stay in the groove with align. >>> time for a quick check
the reason why and what it means for the economy at-large. that's up next. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger....
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Jun 22, 2013
06/13
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we're not talking about immigration or the economy or climate change or anything that people actually want to focus on. we're talking about issues like this that are definitelydistrac. >> the irs is hiring thousands of new agents to oversee obamacare. so if you don't like what they've done with conservative groups, you're really not going to like what they do with obamacare. >> arthel: i have to leave it there because i'm out of time. so i don't know if cal is waiting for to you give me one more analogy, but you didn't. so whatever your viewpoint, it was entertaining and i do appreciate your time, cal thomas and christy. we'll see you again soon, i'm sure. >> great to be here. >> rick: a new york priest preparing to take a group of youngsters to world youth day in brazil. that's where pope francis chris will welcome millions of catholics from all overt -- over the world. he's selling good conscience. now more. >> the priest of holy family church in the bronks gives new meaning to the phrase, man of the cloth. he's funding a trip to brazil to see the pope for world youth day. >> it's i
we're not talking about immigration or the economy or climate change or anything that people actually want to focus on. we're talking about issues like this that are definitelydistrac. >> the irs is hiring thousands of new agents to oversee obamacare. so if you don't like what they've done with conservative groups, you're really not going to like what they do with obamacare. >> arthel: i have to leave it there because i'm out of time. so i don't know if cal is waiting for to you...
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Jun 22, 2013
06/13
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coming up, has the economy started to rebound? jesse joyce discusses his new wb at sketchers in the mall for selling weed to teenagers." he will never learn. look at you. something, something victoria secret, ya like i have to write anything else. you people are so easy. >>> should he go to jail for his makeshift one? an upstate new york man, is there any other kind, is facing criminal charges for locking four boys in a closet after catching them vandalizing his father-in-law's house. jesse daniels -- it is always jesse -- says he found the eight and ten-year-olds inside with hammers and coralled them into a closet while his wife called the cops. but one father says that while what the kids did was wrong, danielles should have handled it differently. the dads said he threatened them and grabbed one leaving a mark. they said that is not the case. >> these marks that these children had, mr. smith, were actually created from chards of glass, ceramic fixtures. i assured them they were not dangerous and the police will tend to them whe
coming up, has the economy started to rebound? jesse joyce discusses his new wb at sketchers in the mall for selling weed to teenagers." he will never learn. look at you. something, something victoria secret, ya like i have to write anything else. you people are so easy. >>> should he go to jail for his makeshift one? an upstate new york man, is there any other kind, is facing criminal charges for locking four boys in a closet after catching them vandalizing his father-in-law's...
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Jun 22, 2013
06/13
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. hurry, before this opportunity cools off. favorite no commentññññññ administration not so flattering and so he's just decided that he will stop talking to them. >> it is a policy he will come to reconsider and i would suspect withdraw what he thinks about it because -- the papers come out every day. >> yeah. i mean, it is incredible. very, very bad judgment. because it is one of those things first of all, it -- looks bad. i think if you are the average voter you think that you can't punish up ins for -- you know, running things you don't like then will have t
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer....
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Jun 22, 2013
06/13
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fortunately so far the economy has grown as fast as government harks but as medicare goes broke, i fear that's not going to keep happening and we're in big trouble unless we cut back big. why do we need a commerce department? commerce just happens. why do we need any agriculture department? none of these farmers should get subsidy. they should compete in the free market like all do. they should get rid of the agencies. >> what do you think of the tea party? >> god bless many of them get this and that's probably our best hope for stopping it. >> as always, thank you. >> thanks, greta. >> speaking of the tea party, the tea party has had enough. this weak tea party protesters storming capitol hill. thousands of angry taxpayers railing against the irs and the obama administration. grif jenkins was there. >> do you believe what's going on with the irs is wrong? do you believe it's an abuse of your personal freedom? >> yeah. ♪ >> what's this about what is the message here? >> this is our audit the irs rally. we're here and we're not going to be silenced. we're not going to let the governmen
fortunately so far the economy has grown as fast as government harks but as medicare goes broke, i fear that's not going to keep happening and we're in big trouble unless we cut back big. why do we need a commerce department? commerce just happens. why do we need any agriculture department? none of these farmers should get subsidy. they should compete in the free market like all do. they should get rid of the agencies. >> what do you think of the tea party? >> god bless many of them...
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Jun 22, 2013
06/13
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we wonder why our economy is struggling. we punish the wrong thing and reward the wrong thing. get rid of the irs. get rid of the 16th amendment. get the fair tax. that way you pay at the point of consumption, not at the point of productivity which is something we ought to encourage people to do is be productive. >> which could would be fairer. the congressman com use racism by using the face of terrorists in antiterrorist campaign. is it really racist? and are they only choosing particular terrorists to focus on? >> tucker: who needs a water slide when you can do this? the story behind this video he coming up. ♪ ♪ when we made our commitment to the gulf, bp had two big goals: help the gulf recor, and learn from what happened so we could be a better, safer energy company. i've been with bp for 24 years. i was part of the team that helped deliver on our commitments to the gulf - and i can tell you, safety is at the heart of everything we do. we've added cutting-edge safety equipment and technology, like a new deepwater well cap and a state-of-the-art monitoring center, where
we wonder why our economy is struggling. we punish the wrong thing and reward the wrong thing. get rid of the irs. get rid of the 16th amendment. get the fair tax. that way you pay at the point of consumption, not at the point of productivity which is something we ought to encourage people to do is be productive. >> which could would be fairer. the congressman com use racism by using the face of terrorists in antiterrorist campaign. is it really racist? and are they only choosing...
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Jun 22, 2013
06/13
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a growing economy. the idea that a lot of excess money will flow into the market, of course, scares -- that it will stop happening scares market participants. >> another surprise out of the news conference, moving the goalpost. when the jobless rate hit 7% the fed will likely pull back. we're at 7.6%. explain how lower unemployment could lead to negative results for the market. >> well, it's one of these things where if things go up too fast in terms of the economy then the market participants, in particular those institutions who have now become reliant on monetary policy to drive stocks they may force mr. bernanke to become more aggressive and take the pedal off and put pressure off the pedal and start to taper a little bit. faster. i think that's what most people are worried. we think it's nonsense. fundamentals drive stocks and we're in the mid of a grand transition from dependency on monetary policy to dependency onfuls and we think there's volatility along the way. >> you might be right. volatilit
a growing economy. the idea that a lot of excess money will flow into the market, of course, scares -- that it will stop happening scares market participants. >> another surprise out of the news conference, moving the goalpost. when the jobless rate hit 7% the fed will likely pull back. we're at 7.6%. explain how lower unemployment could lead to negative results for the market. >> well, it's one of these things where if things go up too fast in terms of the economy then the market...
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Jun 22, 2013
06/13
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of the global economy. in a statement, the g8 warned that, quote, global economic prospects remain weak. though downside risks have reduced thanks in part to significant policy actions taken, unquote. in the u.s., the euro zone and japan. they depicted 2014 as a quote unquote difficult one with the euro zone in recession and the american economy still hampered by high unemployment. china did not participate in the discussions since china is not a member of the g8 although japan, its neighbor, is. >> why are the economies around the world slowing down. >> because the economies around the world have accumulated too much debt and they don't know how to get the economies moving again. china's growth rate is down to 6 or 5%. no one knows where it's going. exports within the european community are dropping all over the place. virtually every european country -- look at the unemployment rate in spain. it's 26%. you look at italy, france and spain, they're all cass -- basket cases. they have a debt to retail. just
of the global economy. in a statement, the g8 warned that, quote, global economic prospects remain weak. though downside risks have reduced thanks in part to significant policy actions taken, unquote. in the u.s., the euro zone and japan. they depicted 2014 as a quote unquote difficult one with the euro zone in recession and the american economy still hampered by high unemployment. china did not participate in the discussions since china is not a member of the g8 although japan, its neighbor,...
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Jun 22, 2013
06/13
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economy can stand on its own. that means the u.s. economy is healing. but then you have nagging concerns about the rest of the world. a recession in europe, china's growth appears to be slowing. the global worries are one reason why stock investors are so concerned about a pull-back from the fed right now. >> this is a classic case of heads you win, tails i lose. it doesn't matter what bernanke would have said, the markets are ready to fall out of bed. it's per ververse, it's obscure it's childish, it's all those things. but here's the reason. because investors have gone for exotic emerging markets with very narrow exits. of course, when things start to change, they all head for the door at the same time. you're absolutely right. the mere fact that he will be taking his foot off the gas is because the car is going fast enough on its own. so you have to put it into context. do i think we should be concerned? the hiccup, bucolic plague of the last week. absolutely not. the market knew it was coming and they're just having a nasty bout of indigestioindiges
economy can stand on its own. that means the u.s. economy is healing. but then you have nagging concerns about the rest of the world. a recession in europe, china's growth appears to be slowing. the global worries are one reason why stock investors are so concerned about a pull-back from the fed right now. >> this is a classic case of heads you win, tails i lose. it doesn't matter what bernanke would have said, the markets are ready to fall out of bed. it's per ververse, it's obscure it's...
SFGTV: San Francisco Government Television
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Jun 22, 2013
06/13
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and that's partly a philosophy of the sharing economy as well. and whether it's a need for space, people need to have space as they did in the aftermath of hurricane sandy, or now in oklahoma, or whether they needed to get a car because their car was damaged, or they needed some repairs in their house, they're trying to relight the pilot in the stove and they didn't know how to do it. they can't find the big utilities enthralled in a great effort elsewhere. these sorts of things people can help each other and we can access the companies that are part of bay share and the share economy to get some help for people right away. it's all in the general effort that i want people of san francisco in every single neighborhood to know we want them here as part of the recovery, that they're not going elsewhere, we're not leaving them alone. we're not leaving them isolated. i learned that big lesson as myself and others who went with me to new orleans a few years back a couple years after their levees broke. we tried to understand the frustration of people
and that's partly a philosophy of the sharing economy as well. and whether it's a need for space, people need to have space as they did in the aftermath of hurricane sandy, or now in oklahoma, or whether they needed to get a car because their car was damaged, or they needed some repairs in their house, they're trying to relight the pilot in the stove and they didn't know how to do it. they can't find the big utilities enthralled in a great effort elsewhere. these sorts of things people can help...
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and producing economy and really requires two things from people and just outlined general form one is you need to find out the ways in which you're contributing to the this phony economy and you've got to stop doing that and you know them that simple example of that is just removing your money from these two big. failed banks and putting them into local banks and local enterprises but the other more important thing is developing a notion of economy based on productivity and producing really means giving to the future instead of taking from it so any kind of practice that is borrowing from the future in wasting it or consuming it now is kind of the old way and so i mean there are many ways that we can do that as a society we can begin to start sharing our resources on the local level we can do circle lending cutting banks out we can start doing crowd funding also and beginning to use our own power in our own initiative and on creativity sharing that and developing our own loads of economy and i think that that's what the book does it first part is a critique of our present corrupted
and producing economy and really requires two things from people and just outlined general form one is you need to find out the ways in which you're contributing to the this phony economy and you've got to stop doing that and you know them that simple example of that is just removing your money from these two big. failed banks and putting them into local banks and local enterprises but the other more important thing is developing a notion of economy based on productivity and producing really...
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Jun 22, 2013
06/13
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i believe the economy is grow with that rate. it's not a problem for the housing market and of course, the housing market is key for the growth in the economy but housing is still extremely affordable at record rates in terms of affordability. it would take rates going much higher before we saw that, you know, really affect or impact the housing market. >> viewers have their pencils ready and a couple stocks are banks, one big, one somewhat smaller. let's start with the big one, which is citi group. >> okay. we focus on fundamentals and the fundamentals are very positive for citi group. there is several positive factors favoring citi group. improvement in the capital market activity and citi group benefits from the real estate market. in fact, they are going to be releasing 8.57 -- $8.5 billion in reserves so that will be a strong tail wind this year. on top of that the evaluation is very attractive. the stock is selling at 63% of book, a low pe ratio and i think the stock could get up to book value. >> i would assume housing wou
i believe the economy is grow with that rate. it's not a problem for the housing market and of course, the housing market is key for the growth in the economy but housing is still extremely affordable at record rates in terms of affordability. it would take rates going much higher before we saw that, you know, really affect or impact the housing market. >> viewers have their pencils ready and a couple stocks are banks, one big, one somewhat smaller. let's start with the big one, which is...
SFGTV2: San Francisco Government Television
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Jun 22, 2013
06/13
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if the economy gets hit by a major earthquake, that's an incredible hit to the rest of the country. we have to invest a lot more. that is one example of how we can use a lot more technology companies helps us with things that have challenged our cities. >> the likelihood of an earthquake is less than out here, although i have lived in city hall, working there one day when the building actually shook. it was the first that i noticed. everything did shake a little bit. it wasn't particularly frightening. right now we are trying to figure out what to do the next time there is something like hurricane sandy. yesterday i gave an hour speech, i'm sure everybody listened to every word. i was doing a speech on a 140 page book we listed on the plans that we can do to make our city more resilient. in our case we worry because we are on the atlantic coast and you have a lot of hurricanes coming off the coast and the forecast. oceans have risen a foot in the last several years and then another 2 1/2 in the next 50 years. the oceans are warmer so we would expect more storms and we have to be rea
if the economy gets hit by a major earthquake, that's an incredible hit to the rest of the country. we have to invest a lot more. that is one example of how we can use a lot more technology companies helps us with things that have challenged our cities. >> the likelihood of an earthquake is less than out here, although i have lived in city hall, working there one day when the building actually shook. it was the first that i noticed. everything did shake a little bit. it wasn't...
SFGTV2: San Francisco Government Television
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Jun 22, 2013
06/13
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we have learned the lessons of fuel economy, of ergonomics and designs and free coating on there and material that won't absorb the moisture that sometimes is spilled on there. these are going to be great vehicles, not only for the drivers to drive through our cities safely and for customers for residents who need a more modern fleet of vehicles to serve them as we attract more customers. this is where the economy has picked up and certainly the financial situation from munis is improving as they make more investments. these are the proper investments to do. they are cleaner and hydro electric. we are using the money responsibly matched up with local monies. these are great investment. this is just the beginning. these bids take a long time, the manufactures take a long time in delivering these buses. but we'll see in the near future, the replacement of some 60 trolley cars that will bring street cars into the similar level of standard that we want. we are reif refurbishing as we speak. you see not only a modern aspect to them. you see the bike racks in front because munis is about m
we have learned the lessons of fuel economy, of ergonomics and designs and free coating on there and material that won't absorb the moisture that sometimes is spilled on there. these are going to be great vehicles, not only for the drivers to drive through our cities safely and for customers for residents who need a more modern fleet of vehicles to serve them as we attract more customers. this is where the economy has picked up and certainly the financial situation from munis is improving as...
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Jun 22, 2013
06/13
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CSPAN
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the economy has to grow on its own volition. you cannot have this artificially-induced said said -- fed stimulus. itke any drug, it wears off. may have already started. it is not as effective, so we might see some corrections in the market going forward. the fed might come out like bullard came out and said, -- and say, he is only kidding. he is not kidding.the markets are already moving against it. we will see how far it goes. right now, raising taxes is a hotly-debated economic issue. most economists -- ic issuebated economy among economists. you can imagine what site i am on. i am not in favor of tax hikes because it kills the timing. christina romer said that is true. the endgame said -- the end game is not going to be pretty. host: an editorial cartoon shows fed chairman ben bernanke pulling the rug on quantitative easing.stephen idaho falls, idaho. falls, idaho.aho good morning. caller: good morning. i was wondering if printing dollars is a flat tax that president obama and his administration could not possibly pass otherw
the economy has to grow on its own volition. you cannot have this artificially-induced said said -- fed stimulus. itke any drug, it wears off. may have already started. it is not as effective, so we might see some corrections in the market going forward. the fed might come out like bullard came out and said, -- and say, he is only kidding. he is not kidding.the markets are already moving against it. we will see how far it goes. right now, raising taxes is a hotly-debated economic issue. most...
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Jun 22, 2013
06/13
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does the economy recover painfully slowly? yesterday john taylor at stanford has an interesting study. this is the worst recovery from a financially related recession in the history of the united states. generally, the markets are slow to recover. this is far worse. this involves the entire economy. it was not in the financial collapse. ,ost: in the financial times have a headline, fed signals sent investors running for cover. he delivered the clearest signal yet that the u.s. central bank was preparing to scale back or tapir its monthly asset purchases as long as u.s. economic conditions improve as expected. he commented at a news conference on thursday. was speedy and brutal. from georgeers mason university is here to talk to us about that. our next call is charles on our line for democrats. caller: it is nice to be able to speak this morning in reference to the economy. my issue is simply this. we have an economy with the laws are not enforced. the big bank ceo's have gotten away with murder and wrecked in this country. not
does the economy recover painfully slowly? yesterday john taylor at stanford has an interesting study. this is the worst recovery from a financially related recession in the history of the united states. generally, the markets are slow to recover. this is far worse. this involves the entire economy. it was not in the financial collapse. ,ost: in the financial times have a headline, fed signals sent investors running for cover. he delivered the clearest signal yet that the u.s. central bank was...
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Jun 22, 2013
06/13
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takeaway is always hard but should we understand the fed easing off is actually a good sign for the economy? >> well, if you think of the dmi as a very sick patient that got sick during the frch chal crisis and the feds came in and offered drugs and life support, ben bernanke coming out and saying we have a plan to wind down life support is a sign that, okay, maybe the economy is ready to stand on its own without it. i think the tumult we saw on the market may not be the case. he said it's heavily dependent on the economic data. it's by no means over yet. >> lauren lis ter, thank you very much. >> thank you. >>> it would double the number of federal agents on the u.s./mexico border and open a u.s. path to citizen for millions of immigrants. chief correspondent nancy cordes has the lated. >> reporter: the plan worked out but republicans includes even more things. 20,000 new border agents, $3.2 billion in surveillance equipment in clugd infrared cameras and drones. >> i can tell you this. it's money well spent because it makes the border more secure, which helps us with our sovereignty. >> re
takeaway is always hard but should we understand the fed easing off is actually a good sign for the economy? >> well, if you think of the dmi as a very sick patient that got sick during the frch chal crisis and the feds came in and offered drugs and life support, ben bernanke coming out and saying we have a plan to wind down life support is a sign that, okay, maybe the economy is ready to stand on its own without it. i think the tumult we saw on the market may not be the case. he said...
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Jun 22, 2013
06/13
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FBC
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it is to ensure the safety of th economy. if you want to bring it back to the child, to make sure the child is safe, right? that is the primary concern. the economy is getting better, in theory the stock market will be okay and i think liz makes a very valipot. the market is getting ahead o itself or miss analyzing the recovery. the recover is solid. chars:'s stance with the fed is trying to do and have always tried to do is kick off the virtuous cycle. grading an illusion they a much better, your house is worth more, this makes people go out and shop, the shopkeeper hires more people and they in turn have a job now and spend and the next shopkeeper hires someone now we have this virtuous cycle, positive cycle and it sms to matter wt ben bernanke tries to do it does not click, it has not clicked in yet. >> in fact it has clicked. we are in a period of ecomic growth, we can debate the level, it is not satisfactory and so on. the hope is when you do all thesthings and there are other forms ofmulus other than the kind we are dis
it is to ensure the safety of th economy. if you want to bring it back to the child, to make sure the child is safe, right? that is the primary concern. the economy is getting better, in theory the stock market will be okay and i think liz makes a very valipot. the market is getting ahead o itself or miss analyzing the recovery. the recover is solid. chars:'s stance with the fed is trying to do and have always tried to do is kick off the virtuous cycle. grading an illusion they a much better,...
SFGTV2: San Francisco Government Television
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Jun 22, 2013
06/13
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SFGTV2
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economy. and ways to have programs that reach into the community that provide opportunity for young people. and to have appropriate housing, that's something i am committed to. i want to hear your ideas of how to do that and strengthen the efforts. last year in district 11 we were able to fund projects for the parks and safety and to beautify the environment. and we had projects for young people as well. i want to grow in the commitments we made last year. we know the best way to support our young people with opportunity is to provide jobs for them. i am looking forward to see how to accomplish that with the mayor and my colleagues from the board of supervisors, thank you. >> thank you, supervisor avalos. i am mark farrell, i am the supervisor from district 2 and i am the chair of the budget committee. and it's an honor to be here with the mayor and supervisors. my priorities is to have an open and transparent budget process, that's why we are here. we are doing six of these town halls and we
economy. and ways to have programs that reach into the community that provide opportunity for young people. and to have appropriate housing, that's something i am committed to. i want to hear your ideas of how to do that and strengthen the efforts. last year in district 11 we were able to fund projects for the parks and safety and to beautify the environment. and we had projects for young people as well. i want to grow in the commitments we made last year. we know the best way to support our...
SFGTV2: San Francisco Government Television
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Jun 22, 2013
06/13
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SFGTV2
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the small businesses are at the heart and soul of our local economy. my proposed budget includes funding for an online business portal to cut through bureaucratic red tape and make it easier for an entrepreneur to start and operate a business in san francisco. this budget continues my invest in neighborhoods initiative that is creating customized plans in 25 different neighborhood commercial districts and providing job squad and providing a job squad that brings city hall to our neighborhood businesses. and because san francisco's truly a global city, we're going to build on the success of china s.f. and expand our outreach to latin america and asian market street, not just to attract businesses to come here, but i'd like for us to really begin to introduce "made in san francisco" products to these growing market street. (applause) ~ markets >> while the worst of the economic crisis may be behind us, we cannot deviate from our commitment to fiscal responsibility and reform. we will continue to invest in our neighborhoods, in our infrastructure, and mos
the small businesses are at the heart and soul of our local economy. my proposed budget includes funding for an online business portal to cut through bureaucratic red tape and make it easier for an entrepreneur to start and operate a business in san francisco. this budget continues my invest in neighborhoods initiative that is creating customized plans in 25 different neighborhood commercial districts and providing job squad and providing a job squad that brings city hall to our neighborhood...
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Jun 22, 2013
06/13
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FBC
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hurting the economy more than it has helped. editor-in-chief steve forbes, great to have you with us. qe appears to be at an end, sort of. $85 billion continues, the rates are moving higher, so that will be problematic. your thoughts on the timing on all of thisy the fed chairman. >> three years late, better late than never, what ben bernanke has done inadvertently this make it easier for the vernment to deficit spending, get back on their feet, issue newonds but for the rest of the economy, smaller businesses like with what they said in russia, health care is free but you can't get any. they a thehe job creators, they are hurt by what bernanke did. not much left for the small guys. lou: a lot of lilimited government, some of them are anti-fed. oh, my gosh, we cannot conclude it a $5 billion per month. i do not like what he has done, bbt don't let him reverse course here. there is a chorus of hypocrisy in pleading for more punch bowl, please. >> it is hard to give up when you have it. bernanke will not do this precipitously, wil
hurting the economy more than it has helped. editor-in-chief steve forbes, great to have you with us. qe appears to be at an end, sort of. $85 billion continues, the rates are moving higher, so that will be problematic. your thoughts on the timing on all of thisy the fed chairman. >> three years late, better late than never, what ben bernanke has done inadvertently this make it easier for the vernment to deficit spending, get back on their feet, issue newonds but for the rest of the...
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Jun 22, 2013
06/13
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CSPAN
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eye 123
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how do you assess the global economy and the u.s. economy, and the extent to which there is any momentum or possibility for faster growth? >> basically, i would describe both the united states and the rest of the world as being in a sluggish environment where effective demand, if we can use that old-fashioned term, is inadequate to galvanize the system in the growth. yet there is not enough downside weakness to create any significant short-term changes that i can see. there are very huge imbalances out there. what i find startling is there are so many things -- which nothing is happening. for example, the european central bank had this huge trillion-euro rise a couple years ago of the assets in their balance sheet. then it came down a little bit. and for the last several months it has been absolutely flat. in other words, the extent to hich nothing is happening. it is just not credible with the huge amount of assets in central been spelling seats -- central bank balance sheets. there is very little of that spilling over into the mark
how do you assess the global economy and the u.s. economy, and the extent to which there is any momentum or possibility for faster growth? >> basically, i would describe both the united states and the rest of the world as being in a sluggish environment where effective demand, if we can use that old-fashioned term, is inadequate to galvanize the system in the growth. yet there is not enough downside weakness to create any significant short-term changes that i can see. there are very huge...
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Jun 22, 2013
06/13
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KPIX
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there are 155 food pantries in san francisco feeding the hungry and a growing illegal economy. kpix 5's ryan takeo takes a look at the underground food market. >> reporter: just steps away from the civic center in the shadows of the bustling heart of the city farmer's market is a different type of market altogether. >> come on, man. come on, man. >> reporter: we found a booming economy in underground food markets where you cannot beat the deals. >> how much? >> one dollar. >> a dollar for three? >> reporter: the sellers are feisty. [ yelling ] >> reporter: sometimes the struggle of the tenderloin neighborhood shows up too. >> give me all my money! >> reporter: but this story is more about where these sellers get at least some of their inventory. some of it comes from the san francisco food bank warehouse. >> we're aware that there are a few people who are selling food some of it we know comes from the food bank. >> reporter: how do you know that? >> we can see from the type of food that it is. some of it actually has our name on it. the food that we repackage has our name on it
there are 155 food pantries in san francisco feeding the hungry and a growing illegal economy. kpix 5's ryan takeo takes a look at the underground food market. >> reporter: just steps away from the civic center in the shadows of the bustling heart of the city farmer's market is a different type of market altogether. >> come on, man. come on, man. >> reporter: we found a booming economy in underground food markets where you cannot beat the deals. >> how much? >> one...
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Jun 22, 2013
06/13
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CSPAN
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a plan to create jobs, grow the economy, and strengthen the middle class as we reduce the deficit. let us act now to put people to work. i will say it over and over. let's end the assault on women's health and work together to make real progress for the american people i urge my colleagues to vote no. >> the gentlelady from california reserves. he gentlelady from tennessee is recognized. we found out from delaware to virginia, west virginia. the house of horrors goes on and on. at this point, i would like to yield three minutes to a member of our house republican leadership team, the gentlewoman from missouri. >> the gentlelady from missouri is recognized for three minutes. >> i thank the gentle lady from tennessee for advancing this legislation. i rise today and support of life, liberty, and the pursuit of happiness. life begins at conception. throughout the years, science, technology have evolved in continue to advance, we are changing hearts and minds. we have more and more evidence that life does indeed begin at conception. we know that after three weeks, the baby has a heartbe
a plan to create jobs, grow the economy, and strengthen the middle class as we reduce the deficit. let us act now to put people to work. i will say it over and over. let's end the assault on women's health and work together to make real progress for the american people i urge my colleagues to vote no. >> the gentlelady from california reserves. he gentlelady from tennessee is recognized. we found out from delaware to virginia, west virginia. the house of horrors goes on and on. at this...
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find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report on our. choose your language call if we can with oh if the federal minister is still some of. the fumes that consensus can. choose the opinions that invigorating fuel. choose the stories that in high school life choose me access to your office. he continues here in r.t. the friends of syria group of nations meeting in qatar have defended their efforts to rebels and the u.s. secretary of state said america will increase political and military support to the syrian opposition john kerry said president assad is escalating the conflict by seeking help from iran and lebanese fighters not address though the fact that qatar has been supporting the syria's rebels and pledged to continue doing so the free syrian army military command on friday claimed opposition forces have received weapons that can change the balance of power meanwhile the un has rejected washington's claims the syrian government used chemical weapons saying it wasn't
find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report on our. choose your language call if we can with oh if the federal minister is still some of. the fumes that consensus can. choose the opinions that invigorating fuel. choose the stories that in high school life choose me access to your office. he continues here in r.t. the friends of syria group of nations meeting in qatar have defended...
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Jun 22, 2013
06/13
by
CSPAN
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eye 16
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-- average hourly wages are going up 2% a year and that is not much different from the rest of the economy and that is unprecedented. >> you made popular irrational gibberish. do you see any signs that central bank policy is creating excitement tional that can unstable the medical examiners? >> the thing about the stock markets is they that they are stabilizing. if you look back, for example, since the end of world war ii, the average annual increase in a ndard poors 500 index is 7%. e over what is you see, in a period
-- average hourly wages are going up 2% a year and that is not much different from the rest of the economy and that is unprecedented. >> you made popular irrational gibberish. do you see any signs that central bank policy is creating excitement tional that can unstable the medical examiners? >> the thing about the stock markets is they that they are stabilizing. if you look back, for example, since the end of world war ii, the average annual increase in a ndard poors 500 index is...
SFGTV2: San Francisco Government Television
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Jun 22, 2013
06/13
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SFGTV2
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delays will further drive up the cost to both the economy and to civil society. we are demanding to maintain an effective status quo which is simply not an option. the current rate of coalition costs an average of 23 million dollars a year not including legal and administrative costs. apart from the terrible human toll -- the actual rental value of the land use for polk's on street parking suppression three -- the year. the city collects -- for parking on polk so we are subsidizing almost 1,000,000 dollars a year to the very few who get there by car. it has the potential to become the prime destination for san franciscans and visitors alike. it's a wonderful opportunity that we won't have again for another 30 years. if we ignore the trend about future needs, will not be able to maintain a competitive edge and liability. finally a part of the local economy that is overlooked in the street fight are the many workers who are lifeblood of districts two and three and other parts of san francisco who are the lifeblood. they tend to our businesses, are homes and public
delays will further drive up the cost to both the economy and to civil society. we are demanding to maintain an effective status quo which is simply not an option. the current rate of coalition costs an average of 23 million dollars a year not including legal and administrative costs. apart from the terrible human toll -- the actual rental value of the land use for polk's on street parking suppression three -- the year. the city collects -- for parking on polk so we are subsidizing almost...
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brazil's economy is growing considerably in the last decade rising to six from the list of the largest economies in the world that's why journalist and blogger minutes to seven ac believes that the protest is not about money but the inability of the government to deal with failed policies. i would compare very much to the situation in chile a few years ago in chile as we're protesting against the high prices for education that has a massive middle class which brazil has just gotten after fifty years of successful achievement of big achievement for brazil a druggie forty million people out of poverty and all the things i would say that this is the first revolt of the middle class of a classic middle class in a certain way for decades and people are wondering if they could get better services and they could get better education better and better health it is not exactly above the economy because brazil's pretty much living through full employment it's not terribly compared to european countries i would say the protests in brazil they cook for a very long but then when they happen lots of
brazil's economy is growing considerably in the last decade rising to six from the list of the largest economies in the world that's why journalist and blogger minutes to seven ac believes that the protest is not about money but the inability of the government to deal with failed policies. i would compare very much to the situation in chile a few years ago in chile as we're protesting against the high prices for education that has a massive middle class which brazil has just gotten after fifty...